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Room Mate Hotels completes acquisition of Staying Valencia to expand its presence

Jul 03, 2024

Acquiring Company

Room Mate

Acquired Company

Staying Valencia

MadridValenciaHospitalityHotel

Description

Room Mate Hospitality & Leisure, S.L. has announced the acquisition of Staying Valencia, a strategic move that expands Room Mate Hotels’ presence across Spain and strengthens its foothold within Valencia, Spain’s third-largest city. This aligns with Room Mate Hotels’ expansion strategy, supported by TPG Angelo Gordon and Westmont Hospitality, and sets the stage for the integration and rebranding of the acquired properties into the Room Mate Hotels family.

Quick answer

Room Mate is acquiring Staying Valencia, announced July 3, 2024. Room Mate is based in Madrid, Community Of Madrid, Spain.

How much did Room Mate pay for Staying Valencia?
The deal value was not disclosed.
What does Room Mate do?
Room Mate Hospitality & Leisure, S.L. is a leading lifestyle hotel brand and lease management company headquartered in Madrid.
Where are Room Mate and Staying Valencia based?
Room Mate is based in Madrid, Community Of Madrid, Spain. Staying Valencia is based in Valencia, Valencian Community, Spain.

Source: Fundz verified event record.

Other recent acquisitions in Hospitality and Hotel

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Room Mate

Location

Madrid, Community Of Madrid, Spain

About

Room Mate Hospitality & Leisure, S.L. is a leading lifestyle hotel brand and lease management company headquartered in Madrid. With 32 hotels and ~2,200 keys under management across 5 countries and 14 cities, Room Mate Hotels is committed to providing guests with authentic, local experiences and distinctive luxury accommodations.

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Frequently asked

Who acquired Staying Valencia?

Staying Valencia was acquired by Room Mate, based in Madrid. The deal was reported on July 3, 2024. Room Mate Hospitality & Leisure, S.L. is a leading lifestyle hotel brand and lease management company headquartered in Madrid. Room Mate is privately held.

When did Room Mate acquire Staying Valencia?

Room Mate's acquisition of Staying Valencia was reported on July 3, 2024. Room Mate Hospitality & Leisure, S.L. has announced the acquisition of Staying Valencia, a strategic move that expands Room Mate Hotels’ presence across Spain and strengthens its foothold within Valencia, Spain’s third-largest city. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Staying Valencia do?

Staying Valencia is a portfolio of boutique hotels and aparthotels in Valencia, including 10 boutique properties such as the award-winning Helen Berger. It is privately held, operating in Hospitality, and is based in Valencia.

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